Nyetya Global Ransomware – actual costs

Share

You may recall our recent blog post below which was posted in June.

A new ransomware virus variously named Nyetya, Petrwrap and GoldenEye has been spreading globally over the last 24 hours.


This virus is distinct from WannaCry and other initially suspected variants, it has some unique new features which makes it harder to detect and defend against, clearly showing that today’s malware landscape is evolving apace. This rapidly changing threat landscape has a number of factors including; leaked tools from government agencies, more advanced security controls that require advanced malware (the cat and mouse game) or just because attackers are more determined and more capable.

This and other recent virus attacks serves to reinforce the need for a defence in-depth approach to security with comprehensive controls at all levels of an organizations IT infrastructure.

Some figures have been released about the actual financial damage caused by the virus

It cost the TNT division of parcel delivery company FedEx over $300m, losses are continuing and the company has not yet fully restored its systems. At one stage they had to resort to WhatsApp for internal communication because email systems were not useable.

Shipping company Maersk has announced damage around the $300m mark also.

Reckitt Benckiser the company behind household brand names such as Dettol and Durex have also taken a massive hit announcing potential attributable losses at a minimum of $140m. This figure is due to be updated when they announce results in October.

More details about these costs and impact on the businesses can be found in the BBC article below.

View the article

With such eye-watering figures from just a few selected companies who have been transparent enough to share the information, you really wonder the full scale of damage that this and other cyber attacks have caused.

Speak to one of our Experts?

We help businesses of all shapes and sizes in protecting their vital IT assets. For a consultation with our team as to how we can help protect you from a cyber breach, simply get in touch for a free, no-obligation conversation. Alternatively, our free downloadable guide offers more insight into avoiding (and surviving) a cyber-attack.